BankPlus Trust Department Sells 583 Shares of Fiserv, Inc. $FI

BankPlus Trust Department cut its position in shares of Fiserv, Inc. (NYSE:FI) by 8.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,220 shares of the business services provider’s stock after selling 583 shares during the quarter. BankPlus Trust Department’s holdings in Fiserv were worth $1,072,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Rappaport Reiches Capital Management LLC boosted its position in shares of Fiserv by 3.9% during the first quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider’s stock valued at $282,000 after purchasing an additional 48 shares in the last quarter. Adero Partners LLC boosted its holdings in Fiserv by 2.3% in the first quarter. Adero Partners LLC now owns 2,490 shares of the business services provider’s stock worth $550,000 after acquiring an additional 55 shares in the last quarter. E Fund Management Co. Ltd. boosted its holdings in Fiserv by 3.9% in the first quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock worth $323,000 after acquiring an additional 55 shares in the last quarter. Oakworth Capital Inc. boosted its holdings in Fiserv by 5.6% in the first quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider’s stock worth $235,000 after acquiring an additional 56 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in Fiserv by 6.4% in the first quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider’s stock worth $206,000 after acquiring an additional 56 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Fiserv Price Performance

Shares of Fiserv stock opened at $126.63 on Wednesday. The stock has a 50 day moving average of $133.98 and a 200 day moving average of $163.99. Fiserv, Inc. has a 12 month low of $124.89 and a 12 month high of $238.59. The firm has a market cap of $68.84 billion, a PE ratio of 21.14, a PEG ratio of 0.81 and a beta of 0.95. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The company had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.20 billion. During the same period in the prior year, the company earned $2.13 earnings per share. The firm’s revenue was up 8.0% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on FI shares. Deutsche Bank Aktiengesellschaft started coverage on Fiserv in a research note on Thursday, July 17th. They issued a “buy” rating and a $200.00 price target for the company. Susquehanna decreased their price target on Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a research note on Thursday, July 24th. Jefferies Financial Group decreased their price target on Fiserv from $140.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, September 29th. UBS Group reduced their price objective on Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, July 25th. Finally, Truist Financial upped their price objective on Fiserv from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and a consensus price target of $205.96.

Fiserv Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.